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Occidental Petroleum $38 billion acquisition of Anadarko Petroleum

9/5/2019
Public acquisition
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$ 38 billion

Announced

9/5/2019

Overview:

  • Occidental Petroleum has acquired Anadarko Petroleum in a $38 billion deal. 
  • The announcement comes after Anadarko cancelled its merger agreement with Chevron. 
  • Goldman Sachs, Evercore and Jefferies acted as financial advises for Anadarko while Citi advised Occidental. 
  • The transaction is expected to close in the second half of 2019. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Cravath Swaine & Moore

Party: Occidental Petroleum Corporation (Acquirer)

Lawyers: Faiza Saeed, George Schoen

Fried Frank Harris Shriver & Jacobson

Party: Evercore Partners (Financial adviser)

Party: Goldman Sachs (Financial adviser)

Lawyer: Philip Richter

Wachtell Lipton Rosen & Katz

Party: Anadarko Petroleum (Target)

Lawyers: Daniel Neff, Gregory Ostling

Weil Gotshal & Manges

Party: Citi (Financial adviser)

Lawyers: Michael Hickey, Michael Lubowitz

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